What Does a Title Insurance Agent do?

A title insurance agent in NYC is responsible for conducting a thorough title search on a property and issuing a title insurance policy to protect the buyer and the lender against any issues that may arise with the title.

During the title search, the agent will examine public records to identify any outstanding liens, encumbrances, or other issues that could affect the ownership or use of the property. The title insurance agent will also ensure that the property is legally described and that all necessary parties have signed off on the sale.

Once the title search is complete and any issues are resolved, the title insurance agent will issue a title insurance policy. This policy protects the buyer and lender from any title defects that were not discovered during the title search, such as undisclosed liens or errors in the legal description of the property.

In the event that a title defect does arise after the sale, the title insurance policy will cover any legal fees or losses associated with the defect, up to the policy limits. This can provide peace of mind for both the buyer and lender, as they can be confident that any potential title issues will be covered by the insurance policy.

Contact the Esen Edip team for your Title Insurance needs in Manhattan, Westchester, Brooklyn, and the Hamptons.